Great Potential for Uranium Company to Grow Alternative Feed Revenue

Disclosures from ROTH Capital Partners, Energy Fuels Inc., Company Note, Sept. 25, 2017

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

ROTH makes a market in shares of Energy Fuels Inc. and as such, buys and sells from customers on a principal basis.

Shares of Energy Fuels Inc. may not be eligible for sale in one or more states.

Shares of Energy Fuels Inc. may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.